World Industrial Valves
Growth in the world market for industrial values will average 4.3% annually to $98.5 billion in 2019. Demand will be fueled by increases in process manufacturing production, electrical output, and construction spending. The expansion and modernization of water and wastewater treatment and distribution systems will also help bolster market gains.
This report segments the industry by product and market. Data is provided in millions of dollars.
Products include:
• Standard valves (multi-turn, quarter turn, and other)
• Automatic valves (control, regulator, and actuators)
Automatic control valves will remain the largest of these in 2019 in dollar terms, accounting for 25% of the global market total. However, the fastest growth will be posted by automatic actuators, driven by valve users’ ongoing efforts to automate standard valve operation through the use of these products.
Major markets include:
• Oil and gas
• Process manufacturing
• Water infrastructure
• Other (construction, electric utilities, mining, etc.)
Process manufacturing was the leading market in 2014, accounting for 37% of global demand. This market will also record the most rapid gains through 2019, spurred by increases in output of chemicals, pharmaceuticals, and other process manufacturing goods.
World regions and countries covered in the study include:
• North America (US, Canada, Mexico)
• Western Europe (Germany, France, etc.)
• Asia/Pacific (China, Japan, etc.)
• Central & South America
• Eastern Europe
• Africa/Mideast
The Asia/Pacific and Africa/Mideast regions will post the fastest advances through 2019, fueled by process manufacturing production growth, power plant construction, and water infrastructure development efforts. China will register the largest increases in value terms, while India will record the largest gains in percentage terms.
Thousands of companies are active in the world industrial valve industry. Leading manufacturers include Cameron International, Crane, Emerson Electric, Flowserve, General Electric, IMI, Metso, Pentair, PetroValves, and SMC.